Duke to sell 13 Midwest plants

6:02 PM,
Feb. 17, 2014

The Miami Fort plant

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Duke Energy Corp. announced Monday that it's selling 13 power plants in the Midwest, including seven in Greater Cincinnati.

The Charlotte, N.C.-based electric and gas company said the sale of the plants will not affect its 1.3 million electric and gas customers in Greater Cincinnati.

Duke began working with Citigroup Inc. last year on a possible sale of its Midwest plants, which could fetch as much as $2 billion, according to Bloomberg. The company expects the plants to sell in 12 to 18 months. ...